Wills and legacies

When you should think about leaving a gift in your will

Everybody should have a Will, if you do not already have one then we would encourage you to act now.

If you do already have a Will, you should review it regularly, particularly when your personal circumstances change such as with marriage, divorce, the birth of children or when your financial circumstances change.

Once all important personal decisions have been made, and after you have taken care of those that matter to you, you may like to consider leaving a legacy donation.

In 2018 approximately 75% of our funding came from people just like you who chose to leave gifts that supported the provision of our services beyond their lifetimes.

We are so humbled that so many people within our community continue to show their support in such a personal way.

Click here for more information on making a will

How to leave money in your Will to Hospice Isle of Man

Making a Will need not be a daunting experience and not leaving a Will could result in lengthy and expensive complications for your family. Your advocate or solicitor will have a checklist of all the things to be decided upon, and once that is done, you can add whatever legacy gift you feel is right and possible. 

Your Will allows you to decide what happens to your money, property and possessions after your gone. Without one, you could lose your way of communicating your wishes, which may lead to them being determined by others.

 

There are a number ways you could include a gift in your Will:

 

A residuary gift

After making sure those important to you are provided for, you may decide to leave the remainder or a percentage of your estate to Hospice. This can be a good way to leave a gift (legacy) to Hospice as the gift will increase in line with inflation.

A cash gift

A cash gift is a set amount of money; it does however decrease in value and you may need to review this every now and then.

A gift in kind

A gift in kind would be an item you would decide to leave to Hospice such as property, shares, jewellery or other items.

In the wording of a trust

You could set out that a sum of money left in a trust fund that would be given to Hospice when it ends. This could also be set out in the deed of any trust you make in your lifetime, so please talk to your advocate or solicitor about how this can be done.

Useful Information

Registered Charity: Hospice Care

Reg No. 317

Hospice Isle of Man, Strang, Douglas, Isle of Man, IM4 4RP 

Next Steps

If you do choose to include Hospice Isle of Man in your Will and would be happy to notify us about it then please get in touch on +44 (0)1624 647431.

The reason we ask this is because having an idea of the number of gifts we are likely to receive in the years ahead can help us to plan our sustainability for the future.

We would also like to acknowledge the kind gesture by way of a thank you. 


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